Proactive - Interviews for investors
Pantera Lithium: drilling plans in Smackover hotspot & market outlook
Pantera Lithium (ASX:PFE) executive chairman and CEO Barnaby Egerton-Warburton talked with Proactive's Stephen Gunnion about the company’s latest progress in the Smackover lithium brine play in southwest Arkansas. He discussed the company’s drilling plans for three wells, which will contribute to a JORC resource, a pre-feasibility study (PFS), and a pilot plant—steps that move Pantera closer to production.
Egerton-Warburton highlighted that Pantera has secured an exclusive abstract over 50,000 acres, leasing 26,000 acres so far. The company has also identified optimal locations for drilling, expecting to begin spudding the first well in the next few months. “We are in the hot spot, surrounded by majors like Exxon, Equinor, and Albemarle. Their presence validates the play,” he explained.
Discussing lithium market conditions, he dismissed concerns over weak electric vehicle (EV) demand and pointed to strong sales, particularly in China. He expects a lithium price recovery by 2027 as demand outstrips supply. Pantera Lithium sees North America developing a localised lithium supply chain, reducing reliance on Chinese market dynamics.
For investors, Egerton-Warburton emphasised Pantera’s unique positioning as the only junior lithium explorer in this area, offering potential upside compared to larger players. He noted that success in drilling could significantly de-risk the project and enhance shareholder value.
Stay tuned for more updates on Pantera Lithium’s progress. Don’t forget to like this video, subscribe to our channel, and turn on notifications for future updates!
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